• It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

Hungarian Venture Capital and Private Equity Association

The Hungarian Venture Capital and Private Equity Association (HVCA) represents the interests of the private equity and venture capital industry in Hungary by supporting its members and promoting adherence to the highest possible professional and ethical standards.

News

05/2022 13

Bain, Blackstone, KKR among ten potential bidder for Toshiba Group – report

Fri, May 13, 2022

Private capital firms Bain Capital, Blackstone, KKR and Canadian investment firm Brookfield are among the ten potential

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05/2022 12

Wolf Theiss advises 4iG Nyrt on the acquisition of two important players in the Albanian telecomunications market: ALBtelecom and One Communications

Thu, May 12, 2022

Tirana / Budapest, 12 May 2022 – Wolf Theiss advised 4iG Nyrt on the acquisition followed by merger clearance of two important players in the Albanian telecommunications market i.e. ALBtelecom, the largest fixed network operator and One Communications - one of the two largest mobile
telecom operators.

Wolf Theiss acted as legal advisor to 4iG Nyrt, a Hungarian IT and Technology group in relation to the acquisition of a majority stake of 80.27% in ALBtelecom, the leading landline voice, internet and TV provider in Albania (the signing took place on 8 December 2021). The closing was approved by the Albanian Competition Authority on 4 March 2022. 4iG Nyrt, a company listed on the Hungarian stock exchange, acquired the stake in the Albanian telecom operator from a subsidiary of Calik Holding, one of Turkey's leading privately held industrial groups. A few weeks later, 4iG also successfully acquired a majority stake of 99.899% in One Telecommunications, another player on the Albanian telecommunications market. Wolf Theiss assisted 4iG Nyrt with the Albanian regulatory approvals, especially related to the merger clearance.

For the successful completion of this regional engagement, the Wolf Theiss team involved in the project was led by Richard Clegg (Partner, Corporate/M&A), Nako Sokol (Partner, Albania) and Norbert Balint (Counsel, Hungary, Corporate/M&A & Capital Markets), while Irina Dekova (Consultant, Corporate/M&A) and Kristaq Profkola (Associate, Albania), also played an important role in the project team. The core team was further supported by other Wolf Theiss lawyers in Albania, Hungary and Bulgaria. Yavuz & Uyanik & Akalin advised on elements of the transaction involving Turkish law.

"For such a complex transaction like the acquisition of ALBtelecom in which a package of contracts and declarations under four different jurisdictions must be in place, you need a really professional team like the Wolf Theiss team. I would like to emphasise my gratitude to the whole team again not just for the successful closing but even for the client-friendly, client-supportive attitude", stated by Csaba Vezekényi, Legal Manager of 4iG Nyrt.

"The clearance of the 4iG – ALBtelecom / One Communications transactions is a landmark case, as it is required complex analysis carried out quickly by the Albanian Competition Authority (ACA), particularly considering the novelty of the case and the market consultation exercise undertaken by the Authority. The consolidation from three to two operators resulting from the acquisitions led to an in-depth Phase II review of the mergers by ACA and is a precedent setting case for the telecom sector in the Albanian market", stated Richard Clegg, Partner, Corporate/ M&A at Wolf Theiss.

04/2022 20

KKR files $14.8bn bid for Ramsay Health Care, would be biggest PE deal in Australian history if successful

Wed, April 20, 2022

AltAssets

Global buyout giant KKR has led a consortium to file a record $14.8bn bid for Australian hospital operator Ramsay...

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04/2022 19

Private equity firms show interests in a Twitter deal – report

Tue, April 19, 2022

AltAssets

Private equity firms have expressed interest in participating in a deal for social media platform Twitter, Reuters reported quoting people familiar with the matter.

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